Playing a partypooper to the country's growing clout in the luxury car segment, a new provision in the Budget could well lead to a hefty hike, over Rs 8 lakh or more, in the prices of entryl evel cars of the companies like BMW, Audi and Mercedes.
In what appears to be a bolt from the blue for the luxury carmakers, mainly from the German stable, a change in definition of completely knocked down (CKD) car is threatening to derail the softer import duty regime.
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